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The intensifying trade war between China and the US has caused a massive rift between the countries, but sources say tension is also rising internally among elite members of the Communist Party of China. Over the past decade, President Xi Jinping has worked diligently to consolidate power and cement his rule over China, claiming control over the country' military and government and cracking down on all forms of political dissent. In the process, Chinese propaganda has pushed hard on the portrayal of China as a strong, nationalistic country, with Xi at its core. Several sources close to the government told...

Authored by Kurt Schlichter via Townhall.com, Of all Donald Trump’s many sins against the Great Church of the Transnational Leftist Establishment, his greatest may be his stubborn refusal to subordinate the needs of the normal citizens of the United States to the dogmas of our alleged betters. He rejects the secular civic religion of our betters, one that urges the sacrifice of regular folk’s interests on the altar of their self-regard and cheesy self-interest. Trump is a heretic, a blasphemer, and it’s no surprise they want to burn him at the stake. Horrors! He demands that the Europeans fund...

A growing trade war with the United States is causing rifts within China's Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the US position, according to four sources close to the government. Chinese President Xi Jinping still has a firm grip on power, but an unusual surge of criticism about economic policy and how the government has handled the trade war has revealed rare cracks in the ruling Communist Party. A backlash is being felt at the highest levels of the government, possibly hitting a close aide to Xi, his ideology chief and...

rohl...metals tariffs on Turkey The (The Turkish lira) added to its steep losses on Friday, hitting a fresh record low, after President ( Donald Trump) authorized the doubling of metals tariffs on Turkey.

Xu Yimiao writes that China is running out of retaliatory tariffs against the US and has watched other major parties like the EU and Japan close ranks against it. Before the trade war gets more severe, Beijing’s leaders should seek direct talks with Trump, and may have to swallow their pride

America lost more than three-fourths of its textile-mill jobs between 1991 and 2016. “One of my main objectives was to bring those opportunities back,” says Gary Heiman, president and CEO of Cincinnati-based Standard Textile. Mr. Heiman has succeeded, creating around 400 jobs in two Southern towns, but now the Trump tariffs are threatening to drive those jobs back overseas. That’s the opposite of what Mr. Trump claims is happening due to his tariffs. Standard Textile specializes in making sheets, towels and other reusable fabric products for hospitals and hotels. Since 2002 the company has invested some $66 million in American...

A cargo ship carrying American soybean exports has reportedly been stuck in the Pacific Ocean off China for a month after failing to arrive at the country before a 25 percent tariff on the good was implemented. The Peak Pegasus had rushed to sail from the U.S. to China last month, ahead of the tariff start date of July 6. But The Guardian reported Wednesday that the ship arrived just past the deadline, and has been stuck outside China since. The ship is owned by JP Morgan Asset Management, while the cargo belongs to global merchant Louis Dreyfus, The Guardian...

Tariffs are taxes, which distort investment and limit growth. And like taxes, when tariffs are high they create a political incentive for exemptions and favoritism. Behold the Commerce Department’s new and tortuous process for reviewing exemptions to steel and aluminum tariffs. This is everything Republicans typically claim to hate. *** First, companies must submit a request attesting that their imports aren’t made in the U.S. in “a satisfactory quality” or “sufficient and reasonably available amount.” Companies must state the uses for their steel product, their average annual consumption of the product, as well as the number of days required to...

Amid a steep correction in crude prices, China said on Wednesday that it would impose a 25-percent tariff on U.S. imports worth US$16 billion, including crude oil, diesel, cars, coal, and steel products, in retaliation to the U.S. list of US$16 billion worth of Chinese imports that will be taxed by U.S. authorities from August 23. On Wednesday, the Office of the United States Trade Representative (USTR) released a list of around US$16 billion worth of imports from China that will be subject to a 25-percent additional tariff as part of the United States’ response to China’s unfair trade practices...

President Donald Trump is clearly concerned about the plight of American farmers. He pushed the Department of Agriculture to make available up to $12 billion of temporary relief to those farms caught in the middle of his tariff war – starting this Labor Day. It’s laudable that he wants to address this problem, but let’s remember that it was a problem of his own creation. America is a breadbasket to much of the world because of our exceptional farmland. We have about two-and-a-half times as much arable land as does China, for instance, with about the same landmass. That means...

The most murderous dictatorship in all of human history is assembling a massive battery of U.S. lobbyists and propagandists in and around Washington, D.C., sparking growing concerns across the political spectrum about its intentions and the effect this lobbying Leviathan will have on the federal government. That dictatorship, of course, is the Communist Party regime enslaving mainland China. And among the growing roster of political hacks on its payroll are top former officials including ex-House of Representatives Speaker John Boehner, who played a key role in transferring America's productive capacity to Communist China in the late 1990s. Unsurprisingly, the Clintons...

Apple has benefited from cheap labor and strong supply chain in China which has helped it boost profit and get to a $1 trillion valuation, the state-backed People's Daily said. The U.S. firm should share that money with Chinese citizens, the article urged. Apple could be the target of "anger and nationalist sentiment" amid the ongoing trade war. ______________________________________________________________ Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people or face "anger and nationalist sentiment" amid the ongoing trade war, an article in the state-backed...

In July, China imposed import tariffs on a list of U.S. goods, including soybeans, as part of the trade dispute with the United States. China is the world’s largest soybean importer and has been seeking alternative supplies, especially in South America, where supplies available for export are down. “China has to resume purchases of U.S. soybeans,” Oil World said in its latest newsletter. “The South American supply shortage will make it necessary for China, in our opinion, to import 15 million tonnes of U.S. soybeans in October 2018/March 2019, even if the current trade war is not resolved.” Chinese purchases...

HAMBURG (Reuters) - China may have to start buying U.S. soybeans again in coming weeks despite the trade war between the two countries as other regions cannot supply enough soybeans to meet China’s needs, Hamburg-based oilseeds analysts Oil World said on Tuesday.

Link only due to copyright issues: https://www.porkbusiness.com/article/its-great-time-be-fancy-pork-farmer

At the center of the table in a modest, high-rise apartment in the teeming city of Shenzhen, China, a simmering pot of soup stock was surrounded by large platters featuring mushrooms, different kinds of thinly shaved meat, lettuce, potato, cauliflower, eggs, and shrimp. Folding his hands together, Jian Zhang, a onetime rural farmer who now works as an employee for a small consulting firm in the city, asked his fellow diners to give thanks for the meal — the likes of which he could have only dreamed of when growing up in a remote village in the Jiangxi province. The...

China just lost its ranking as the world’s number two stock market. After a Thursday slump, Chinese equities were worth $6.09 trillion, according to data compiled by Bloomberg. That compares with $6.17 trillion in Japan. The US has the world’s largest stock market at just over $31 trillion. China’s stock market overtook Japan’s in late 2014, then soared to an all-time high of more than $10 trillion in June 2015. Chinese equities and the nation’s currency have taken a beating this year amid a trade spat with the US, a government-led campaign to cut debt and a slowing economy. “Losing...

UAE and Greek companies claim world first tech allows architects to become industry’s master builders UAE-based 3D printing company Immensa Technology Labs has released the result of a joint effort with Consolidated Contractors Company (CCC) to recover a series of concrete casting techniques with the aid of large-format 3D printing. In what the two companies claim is a world-first, a ‘Sensorial Adaptive Concrete Screen’ was developed with NOWlab, the innovation department of Berlin-based BigRep. The screen showcases techniques that once belonged to skilled craftsman but have had life breathed back into them through expert digital fabrication. According to a statement...

Full Title: 'Death to the dictator!' Violence on streets of Iran as police use tear gas on furious protesters, including chador-clad women, demonstrating against 'corrupt regime' ruining the country while waging ideological war abroad Protests have broken out in a number of cities against Iranian regime this week Comes after the dramatic drop of Iran's currency and other economic problems 'The nation is forced to beg while the leader lives like God,' protesters chanted 'Death to the dictator!' Violence on streets of Iran as police use tear gas on furious protesters, including chador-clad women, demonstrating against 'corrupt regime' ruining the...

President Obama addresses workers (White House photo) UNITED NATIONS – The Obama administration’s release Thursday of the more than 2,000 pages of the text of the Trans-Pacific Partnership agreement, known more commonly as Obamatrade, has prompted a rash of criticism from both the political left and the right. Critics charge the pact undermines U.S. sovereignty by establishing a secret, unaccountable TransPacific Partnership Commission with sweeping regulatory powers over 40 percent of the world’s economy while sending jobs abroad. “This trade agreement would allow foreign corporations to challenge our health, safety and environmental protections in a foreign tribunal outside our...